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What is Forex ?


One of the most intriguing markets in the world right now is the Foreign Exchange Market. What people popularly call fx trading, currency trading or forex exchange happens in this market.

In the most simple explanation, the foreign exchange market is where currencies are traded. It is currently the largest and most liquid market in the world. It averages a daily trading volume of almost five trillion dollars. Even if all the stock markets in the world combined, all those markets would still be overshadowed by the immenseness of the forex market.

Fx, foreign exchange or currency exchange is commonly tagged as forex. Large financial institutions, organizations, companies, banks, and rich investors are experts in forex trading. They have found greater trading potentials that other investments cannot cater.

Currencies are very significant. These are medium for exchange and without it, people cannot conduct trades and businesses. If a person who lives in America wants to buy a product in Europe, that person has to pay in euros to conduct a trade. That person has to pay in Euros to purchase that particular product. A tourist traveling in China cannot pay in the dollar to see the Great Wall since the dollar is not the accepted currency in China. Hence, the tourist should first exchange the dollar with the Chinese Yuan before seeing that fantastic landscape.
Originally posted by ForexTrading

One of the most intriguing markets in the world right now is the Foreign Exchange Market. What people popularly call fx trading, currency trading or forex exchange happens in this market.

In the most simple explanation, the foreign exchange market is where currencies are traded. It is currently the largest and most liquid market in the world. It averages a daily trading volume of almost five trillion dollars. Even if all the stock markets in the world combined, all those markets would still be overshadowed by the immenseness of the forex market.

Fx, foreign exchange or currency exchange is commonly tagged as forex. Large financial institutions, organizations, companies, banks, and rich investors are experts in forex trading. They have found greater trading potentials that other investments cannot cater.

Currencies are very significant. These are medium for exchange and without it, people cannot conduct trades and businesses. If a person who lives in America wants to buy equity shares in Europe, that person has to pay in euros to conduct a trade. That person has to pay in Euros to purchase that particular product. A tourist traveling in China cannot pay in the dollar to see the Great Wall since the dollar is not the accepted currency in China. Hence, the tourist should first exchange the dollar with the Chinese Yuan before seeing that fantastic landscape.


In addition to what has been said, the US dollar is by far the most traded currency, making up close to 85 percent of all trades. Second is the euro, which is part of 39 percent of all currency trades, and third is the Japanese yen at 19 percent. (Note: these figures do not total 100 percent because there are two sides to every FX transaction).
According to the 2015 Euromoney survey, Citigroup and Deutsche Bank were the two biggest banks in the forex market, combining for more that 30 percent of the global market share.
Forex is the market which provides the platform to the traders to trade. Forex is a digital market. Forex needs patience, experience, strategy. Forex is very difficult for those who didn't know about the forex market. So learn well before doing the trade. Thanks
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The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies They are highly risky as any event in the world influence the fluctuations in the price of the currency. However, you can invest in the stock and commodity market to earn the high profit with the help of advisory firm.
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